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An intriguing report surfaced in the Economic Times today of a potential ICAO-designed market-based-mechanism for aviation emissions that could prove acceptable to India and presumably other countries that have so far resisted the idea. According to the article, the proposal would only apply to developed countries at first, but would eventually encompass developing countries as well. Once it is fully in place, revenues from developing countries' carriers would be directed back to those countries to be used for aviation emissions reductions while revenues from carriers in developed countries would be shared globally.